Which of the Following Is a Disadvantage of Using Information

question 143

Multiple Choice

Which of the following is a disadvantage of using information from internal databases?

• A) Obtaining information from internal databases is both time consuming as well as expensive.
• B) It is impossible to verify information obtained from internal databases.
• C) Using information from internal databases leads to biased research findings.
• D) Internal information may be incomplete or in the wrong form for making marketing decisions.
• E) Internal databases do not support highly sophisticated technologies which makes it difficult to store large volumes of data.

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Definitions:

Perfectly Price Inelastic

A market situation where the quantity demanded of a good does not change in response to changes in its price.

Total Income

The sum of all earnings obtained from work, investments, and other sources before any taxes or deductions.

Perfectly Price Elastic

Describes a situation where the quantity demanded or supplied changes infinitely in response to any change in price.

Luxury Good

A high-end item that is not necessary for living but is deemed as highly desirable within a culture or society.